Ishares Stoxx Europe 600 Oil & Gas Ucits ETF Forecast
Ishares Stoxx Europe 600 Oil & Gas Ucits ETF upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Ishares Stoxx Europe 600 Oil & Gas Ucits ETF price gained 0.335% on the last trading day (Tuesday, 25th Jun 2024), rising from 37.33€ to 37.46€. During the last trading day the ETF fluctuated 0.90% from a day low at 37.39€ to a day high of 37.72€. The price has been going up and down for this period, and there has been a 0.62% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 32 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately 1.36€ million.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.19% during the next 3 months and, with a 90% probability hold a price between 35.07€ and 37.45€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EXH1.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 3.04%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ishares Stoxx Europe 600 Oil & Gas Ucits has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Stoxx Europe 600 Oil & Gas Ucits ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 37.71€. On a fall, the ETF will find some support from the short-term average at 36.96€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Ishares Stoxx Europe 600 Oil & Gas Ucits ETF
Ishares Stoxx Europe 600 Oil & Gas Ucits finds support from accumulated volume at 37.14€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.335€ between high and low, or 0.90%. For the last week the ETF has had daily average volatility of 1.02%.
Our recommended stop-loss: 35.97€ (-3.98%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (EXH1.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ishares Stoxx Europe 600 Oil & Gas Ucits Etf (de) to open at 37.52€, and during the day (based on 14 day Average True Range), to move between 37.01€ and 37.90€, which gives a possible trading interval of +/-0.444€ (+/-1.19%) up or down from last closing price. If Ishares Stoxx Europe 600 Oil & Gas Ucits Etf (de) takes out the full calculated possible swing range there will be an estimated 2.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 37.14€ (0.84%) than the resistance at 37.86€ (1.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ishares Stoxx Europe 600 Oil & Gas Ucits Etf (de) ETF A Buy?
Ishares Stoxx Europe 600 Oil & Gas Ucits holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.248 Hold/Accumulate Upgraded
Predicted Opening Price for Ishares Stoxx Europe 600 Oil & Gas Ucits Etf (de) of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
37.52€ ( 0.174%) | 37.46€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXH1.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 37.86 | 1.07% |
R2 | 37.73 | 0.726% |
R1 | 37.65 | 0.515% |
Price | 37.46 | |
S1 | 37.39 | -0.168% |
S2 | 37.31 | -0.379% |
S3 | 37.19 | -0.721% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 38.76 | 3.48% |
R2 | 38.24 | 2.10% |
R1 | 37.86 | 1.08% |
Price | 37.46 | |
S1 | 37.14 | -0.84% |
S2 | 36.63 | -2.20% |
S3 | 36.35 | -2.95% |
EXH1 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 15, 2024 | Apr 15, 2024 | Apr 15, 2024 | 0.358€ | 0% |
2 | Jan 16, 2024 | Jan 16, 2024 | Jan 16, 2024 | 0.430€ | 0% |
3 | Oct 16, 2023 | Oct 16, 2023 | Oct 16, 2023 | 0.504€ | 0% |
4 | Jul 17, 2023 | Jul 17, 2023 | Jul 17, 2023 | 0.263€ | 0% |
5 | Apr 17, 2023 | Apr 17, 2023 | Apr 17, 2023 | 0.452€ | 0% |
FAQ
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